Technical Analysis of Indian Equities by Nooresh

BSE Smallcap Index–Falling Wedge Formation. Can it Bounce ?

In the last 2 months the Smallcap Indices have made 3 lows in the band of 15600-16100 and we are around the same point at 16100 today.

Continue to maintain the stance to look for selective buying opportunities

How to survive the Smallcap Crash in 2018 !

BSE Smallcap Index down 20% –Time to buy Selectively

Smallcaps Divergence with Nifty– Time to buy the Dip !! ?

Older Posts on warnings on smallcaps in Dec 2017 and later.

BSE Smallcap Index and Nifty/Sensex–Momentum Divergence–How long can it continue ?

Smallcaps can be Brutal if you are not Careful.

Now lets look at the chart again.

Smallcap Twitter

  • A falling wedge formation which generally signals a bottom.
  • Last top at 16564 and trendline at 16350 needs to be crossed for a confirmation.
  • Can it breakout and surprise on the way up ?

 

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Article by Nooresh Merani

Nooresh has written 2697 articles.

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